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As a techie libertarian, I love Dogecoin. It's Bitcoin for people who hate Bitcoin. The libertarian, crypto-anarchist ideology is inherent to all cryptocurrenc
by VMG 13y ago
As a techie libertarian, I love Dogecoin. It's Bitcoin for people who hate Bitcoin.
The libertarian, crypto-anarchist ideology is inherent to all cryptocurrency, not inherent to Bitcoin.
- Nursie 13y agoCrypto-currency is not decentralised by nature. Bitcoin, dogecoin etc. are just one model. There are other models for crypto currency that involve issuing banks and have other advantages - offline transactions and no crazy waste-of-electricity hashing races.
- krisgee 13y agoOne question then, what motive is there to support the blockchain once mining has ended?
- rmc 13y agoFor BitCoin, it'll be transaction fees. In order for your transaction to be proceeded (which requires a form of mining), you'll have to pay a small fee.
- krisgee 13y agoSo in order to process you non-bank transactions you need to use a centralized processor that charges you a fee for transferring your money?